Crude Oil Trend Today Technical Analysis for 29-11-2019 22:00:04

by wealthmann

November 29, 2019

41

In 1 hour chart Crude Oil price continues to trade at 4012 and below the (Exponential Moving Average)EMA200 value of 4109.66 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Crude Oil continues to trade below level, that could be an extraordinarily Bearish sign for Crude Oil

Even so, the 200-candle Exponential moving average (EMA) price range of 4109.66 is proving a tough nut to crack.

Pivot (invalidation): 4167

Our preference: Long positions above 4208

Alternative scenario: Below 4142 look for further downside.

Support Resistance Levels For Crude Oil Today at 29-11-2019 22:00:04

Pivot: 4167

Resistance 1: 4208

Resistance 2: 4233

Resistance 3: 4274

Support 1: 4142

Support 2: 4101

Support 3: 4076

Yesterday High Low Close For Crude Oil

Yesterday High: 4192

Yesterday Low: 4126

Yesterday Close: 4183

Today at 29-11-2019 22:00:04 Crude Oil trading at 4012 with high of 4180 and low of 4002